Fuel Report: Gas Down Slightly, Diesel Continues to Rise

Diesel, gas pump. ©Debra L Ferguson

The U.S. average diesel fuel price decreased more than 3 cents to $3.16 per gallon on March 29, 58 cents higher than a year ago. The Midwest price decreased nearly 5 cents to $3.10 per gallon, the Gulf Coast price decreased nearly 4 cents to $2.96 per gallon, the Rocky Mountain and East Coast prices each decreased more than 2 cents to $3.29 per gallon and $3.13 per gallon, respectively, and the West Coast price decreased nearly 2 cents to $3.66 per gallon.

The U.S. average regular gasoline retail price decreased more than 1 cent to $2.85 per gallon on March 29, 85 cents higher than the same time last year. The East Coast price decreased nearly 3 cents to $2.78 per gallon and the Gulf Coast price decreased more than 2 cents to $2.60 per gallon. The Rocky Mountain price increased more than 1 cent to $2.95 per gallon, the West Coast price increased nearly 1 cent to $3.47 per gallon, and the Midwest price increased less than 1 cent to $2.75 per gallon.

U.S. propane/propylene stocks decreased by 2.0 million barrels last week to 39.2 million barrels as of March 26, 2021, 8.7 million barrels (18.1%) less than the five-year (2016-2020) average inventory levels for this same time of year. Gulf Coast, Midwest, and Rocky Mountain/West Coast inventories decreased 1.8 million barrels, 0.4 million barrels, and 0.1 million barrels, respectively. East Coast inventories increased 0.2 million barrels.

Residential propane prices averaged nearly $2.30 per gallon, almost 3 cents per gallon lower than last week’s price but nearly 43 cents per gallon above last year’s price. Wholesale propane prices averaged almost $1.03 per gallon, more than 1 cent per gallon below last week’s price but more than 59 cents per gallon above last year’s price.

As of March 29, 2021, residential heating oil prices averaged more than $2.86 per gallon, almost 2 cents per gallon lower than last week’s price but more than 44 cents per gallon higher than last year’s price at this time. Wholesale heating oil prices averaged nearly $1.94 per gallon, more than 2 cents per gallon lower last week’s price but almost 77 cents per gallon above last year’s price.




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